The article is based on a premise that shows a lack of understanding of how odds in gambling work. These odds are not based on how likely things are going to happen - if you flip a coin, the odds are 50-50 it will land on heads and 50-50 it will land on tails. In the case of signing someone to a team, it is based on a number of things, but at the core, the person setting the odds needs to provide enough value to someone that they are willing to risk their money based on the outcome they expect to happen.
And then the place that sets those odds tempers the payout with being able to make money on bets losing. So an inexperienced gambler might see that and say, “they have the lowest odds, that’s the most likely thing to happen and I will make easy money.”
The Steelers are not “most likely to sign,” they are tied for the lowest odds that this one particular sportsbook has set.
But over atBetKentucky.com, the Steelers could be adding another star-studded veteran to the mix.
After clearing waivers following his release from the Indianapolis Colts, Shaq Leonard is officially a free agent. And the Steelers are odds-on favorites to sign him.
The Steelers have +600 odds to sign Leonard, tied with the Philadelphia Eagles. The Buffalo Bills and Chicago Bears follow with +900 odds, with the Dallas Cowboys and Houston Texans next with +1000 odds.
The article is based on a premise that shows a lack of understanding of how odds in gambling work. These odds are not based on how likely things are going to happen - if you flip a coin, the odds are 50-50 it will land on heads and 50-50 it will land on tails. In the case of signing someone to a team, it is based on a number of things, but at the core, the person setting the odds needs to provide enough value to someone that they are willing to risk their money based on the outcome they expect to happen.
And then the place that sets those odds tempers the payout with being able to make money on bets losing. So an inexperienced gambler might see that and say, “they have the lowest odds, that’s the most likely thing to happen and I will make easy money.”
The Steelers are not “most likely to sign,” they are tied for the lowest odds that this one particular sportsbook has set.
But over at BetKentucky.com, the Steelers could be adding another star-studded veteran to the mix.
After clearing waivers following his release from the Indianapolis Colts, Shaq Leonard is officially a free agent. And the Steelers are odds-on favorites to sign him.
The Steelers have +600 odds to sign Leonard, tied with the Philadelphia Eagles. The Buffalo Bills and Chicago Bears follow with +900 odds, with the Dallas Cowboys and Houston Texans next with +1000 odds.